200 BTC Goal & Clarification
For clarification on a few things as there are some ambiguities with what we said, the Heroes project will still be launched on it's current time line within the next 2 weeks (prior to the ICO ending). This can safely be done as users using PayPal to purchase Jewels will be buying from the PayPal reserve and will not be able to immediately turn their immature Jewels into the actual Jewels cryptographic asset.
We thank those who have offered input and suggestions as to how to reach the 200 BTC goal as it may seem as it stands we are quite far off. It should be noted that we are also seeking means of investment capital outside of Bitcoin Talk as well as negotiating private deals. We are currently in discussion with a few people in regards to private deals and partnerships which will not affect the Jewels ICO or distribution. Strictly speaking, we are looking to have a starting capital of $120,000 or more which will come from the ICO as well as outside investors.
Thanks, we will continue to keep the community posted on these matters.
So if the 200 BTC goal isn't met and you don't get any outside funding then what happens?
If at the end even after factoring in outside investments we have a budget less than $120,000.00 USD we will first seek to establish a new roadmap for development based on the available budget. Once we know this, we will then publish this information publicly and allow those who invested to vote weighted by their investment on whether we should proceed. If the majority votes "no" implying that they wish to be refunded then Jewels project will not proceed and we will begin the process of issuing a refund of all BTC. On the contrary, if the majority votes "yes" implying they wish to proceed despite the change in timeline which likely implies delayed schedules we will continue distribution and proceed with Jewels as intended.
I hope this helps clarify your question for you.
Maybe just a suggestion, since you stated you'd need around 200 BTC for this to succeed why not cap ICO at 200 BTC till it sells out - that will bring more demand since when we near that goal more will want a piece of the limited pie. Or cap it at 250-300 BTC and if you get to 200 BTC by the end you still distribute it accordingly to funds. Also when this ends price will be more stable no dumping since investors will have fixed price and those who miss out will probably need to pay more to get in on exchanges (since majority won't sell under ICO price). 200 BTC is a nice ICO funding that on its own should bring a few major exchanges on it by itself.